DAVOS: Ukrainian President Volodymyr Zelensky came out swinging Tuesday against Russian President Vladimir Putin at the World Economic Forum’s annual meeting in Davos and even had a harsh tone for his allies as war fatigue grows, pressing political and corporate leaders to enforce sanctions, help rebuild his country and advance the peace process.
Zelensky is trying to keep his country’s long and largely stalemated defense against Russia on the minds of political leaders, as Israel’s war with Hamas, which passed the 100-day mark this week, has siphoned off much of the world’s attention and sparked concerns about a wider conflict in the Middle East.
“Anyone thinks this is only about us, this is only about Ukraine, they are fundamentally mistaken,” he said in a speech in English at the Swiss ski resort. “Possible directions and even timeline of a new Russian aggression beyond Ukraine become more and more obvious.”
“Putin embodies war” and will not change, he said. While lashing out at Putin for mass deportations, leveling cities and “the terrifying feeling that the war may never end,” he also offered pointed criticism for a world that told him not to escalate tensions ahead of Russia’s full-scale invasion in 2022.
“After Feb. 24th, nothing harmed our coalition more than this concept. Every ‘Don’t escalate’ to us, sounded like ‘You will prevail’ to Putin,” Zelensky said.
He thanked allies for each package of sanctions on Moscow but urged them to ensure they work. Russia, for instance, has found workarounds for imports of banned Western products that still appear on shelves.
It is Zelensky’s first trip to Davos since the war began after speaking by video in previous years, and he rushed between meetings with corporate executives and world leaders. Surrounded by a large security contingent, he’s drawn the attention of media and others seeking to meet him.
Conversations with the prime ministers of Qatar and Jordan will bookend the day’s most visible events, with speeches by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen and US national security adviser Jake Sullivan in between.
Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani of Qatar said the concentration on the attacks on ships in the Red Sea by Yemen’s Houthi militia — which have spurred retaliatory strikes by the US and Britain — was “focusing on the symptoms and not treating the real issue” of Israel’s war with Hamas.
“We should focus on the main conflict in Gaza. And as soon as it’s defused, I believe everything else will be defused,” he said, adding that a two-state solution was required to end the conflict.
Sheikh Mohammed also warned that a military confrontation “will not contain” the Houthi attacks.
“I think that what we have right now in the region is a recipe of escalation everywhere,” he added.
Li, the Chinese premier, focused on pitching the country as a place to invest, noting that “we are opening wide our embrace.” He said China’s economy is estimated to have grown about 5.2 percent last year, exceeding the target it had set of 5 percent.
China’s economy, for decades a leading engine of global expansion, has struggled since COVID-19 restrictions, with high youth unemployment and the implosion of its overbuilt property market.
Li gave veiled criticism of US restrictions on China’s ability to buy advanced computer chips used in everything from cellphones to washing machines.
“Technology’s achievements should be used to benefit all humankind and it should not be used as a method to limit, to suppress another country,” Li said.
Von der Leyen reiterated that the EU doesn’t want to break from Beijing — one of its most important trade partners — but ease the risks of relying too heavily on it because “we have issues when it comes to access to the market, when it comes to a level playing field, when it comes to economic security.”
She noted China’s export controls on metals used in computer chips, solar cells and more.
For the US, Sullivan said no when The Associated Press asked whether he would meet with China’s delegation as he headed into talks with Zelensky and US Secretary of State Antony Blinken.
Zelensky, once reticent about leaving his country, has recently gone on a whirlwind tour to rally support for Ukraine amid donor fatigue in the West and concerns that former US President Donald Trump — who touted having good relations with Putin — might return to the White House next year following his commanding win Monday in the Iowa caucuses.
Zelensky hopes to parlay the high visibility of the event into a bully pulpit to showcase Ukraine’s pressing needs, and allies will be lining up: Corporate chiefs including JPMorgan Chase CEO Jamie Dimon and officials like von der Leyen learned in multiple gatherings what support and investment was needed to help rebuild Ukraine.
“It’s time for us, for Ukrainian companies, for international companies to rebuild (the) Ukrainian economy,” Maxim Timchenko, CEO of Ukrainian energy company DTEK said after the session. “To rely on ourselves. To build a future for Ukraine.”
In her speech, Von der Leyen painted an optimistic view of the war in Ukraine despite the battlefield stalemate. She said Russia has “lost half of its military capabilities,” while Ukraine regained half the ground it had originally lost early in the invasion.
A day earlier, Zelensky stopped in Switzerland’s capital, Bern, where President Viola Amherd pledged her country would work with Ukraine to help organize a “peace summit” for Ukraine.
In his speech at Davos, he invited every leader who respects and international law to join, saying “peace must be the answer.”
The theme of the gathering is “rebuilding trust,” and it comes as that sentiment has been fraying globally: Wars in the Middle East and Europe have increasingly split the world into different camps.
At Davos, Zelensky lashes out at Putin and urges support for Ukraine’s fight
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At Davos, Zelensky lashes out at Putin and urges support for Ukraine’s fight
- Zelensky is trying to keep his country’s long and largely stalemated defense against Russia on the minds of political leaders
- He thanked allies for each package of sanctions on Moscow but urged them to ensure they work
Democrats slam latest version of Trump’s budget bill as anti-poor, Musk says it would destroy jobs and harm US
- Doubling down on his previous tirade, the president's billionaire supporter called the bill “utterly insane and destructive”
- "It will take food away from hungry kids to pay for tax breaks to the rich,” says Democrat leader Schumer
- Senate version would add $4 trillion to the debt over the next decade, including interest costs, says nonpartisan group
WASHINGTON: Billionaire Elon Musk on Saturday criticized the latest version of President Donald Trump’s tax and spending bill released by the US Senate, calling it “utterly insane and destructive.”
As Senate Republicans prepared to vote on the measure, Democrats warned that its tax-cut elements would disproportionately benefit the wealthy at the expense of social programs relied upon by lower-income Americans.
“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” Musk wrote in a post on X. “It gives handouts to industries of the past while severely damaging industries of the future.”
Musk's renewed his tirade against the proposed measure, called One Big Beautiful Bill Act, weeks after the world’s richest person and Trump, the world's most powerful, ended a feud sparked by Musk’s opposition to the bill.
Senate Republicans planned to vote Saturday on the bill after agreeing on changes to address concerns about funding for rural hospitals and the deductibility of state taxes.
Several Republican senators who had previously expressed hesitancy about voting for the bill told reporters that their concerns had been assuaged and that they were ready to vote to clear a first procedural hurdle in the coming hours.
Senator John Barrasso, the chamber’s No. 2 Republican, said the first procedural vote on the legislation would take place shortly, though it did not start by 4 p.m. (2000 GMT), as he had predicted. The bill is Trump’s top legislative goal. With his fellow Republicans controlling both chambers, Congress has so far not rejected any of Trump’s priorities.
The 940-page megabill would extend the 2017 tax cuts that were Trump’s main legislative achievement during his first term as president, cut other taxes and boost spending on the military and border security. Nonpartisan analysts estimate that a version passed by the House of Representatives last month would add about $3 trillion to the $36.2 trillion US government debt.
The Congressional Budget Office has not released a forecast for how much the Senate version — still subject to change — would add to the debt if enacted.
Partial to the wealthy
Senator Chuck Schumer, the Senate’s top Democrat, called for the bill’s full text to be read on the Senate floor after the vote, a procedure that was sure to run late into the night, if not past dawn.
“Under this draft Republicans will take food away from hungry kids to pay for tax breaks to the rich,” Schumer said. “Future generations will be saddled with trillions in debt.”
The nonpartisan Committee for a Responsible Federal Budget public policy organization on Saturday said its preliminary estimate is that the Senate version would add $4 trillion to the debt over the next decade, including interest costs.
“If you thought the House bill borrowed too much — and it did — the Senate manages to make things even worse,” Maya MacGuineas, the group’s president, said in a statement.
The White House said this month that the legislation, titled the One Big Beautiful Bill Act, would reduce the annual deficit by $1.4 trillion.
Ready to move forward
Republican Senators Josh Hawley of Missouri and Susan Collins of Maine, who had opposed concern about tax-code changes that could hurt rural hospitals, told reporters they were ready to move forward.
A successful vote would kick off a lengthy process that could run into Sunday, as Democrats unveil a series of amendments unlikely to pass in a chamber that Republicans control 53-47.
“By passing this bill now, we will make our nation more prosperous and secure,” Senate Budget Committee chairman Lindsey Graham said in a statement accompanying the bill text.
Republicans from states with large rural populations have opposed a reduction in state tax revenue for Medicaid providers including rural hospitals. The newly released legislation would delay that reduction and would include $25 billion to support rural Medicaid providers from 2028 to 2032.
“If you want to be a working-class party, you’ve got to get and deliver for working-class people,” Hawley told reporters. “You cannot take away health care for working people.”
The legislation would raise the cap on federal deductions for state and local taxes to $40,000 with an annual 1 percent inflation adjustment through 2029, after which it would fall back to the current $10,000. The bill would also phase the cap down for those earning more than $500,000 a year.
That is a major concern of House Republicans from coastal states including New York, New Jersey and California, who play an important role in keeping the party’s narrow House majority.
Republicans are using a legislative maneuver to bypass the Senate’s 60-vote threshold to advance most legislation in the 100-member chamber.
Narrow path
The narrow majorities for Republicans in the Senate and House mean they can afford no more than three no votes from the party in either chamber to advance a bill that Democrats are united in opposing.
Democrats will focus their firepower with amendments aimed at reversing Republican spending cuts to programs that provide government-backed health care to the elderly, poor and disabled, as well as food aid to low-income families.
The bill also would raise the Treasury Department’s debt ceiling by trillions of dollars to stave off a potentially disastrous default on the nation’s debt in the coming months. If the Senate passes the bill, it will then return to the House for another vote before Trump could sign it into law.
Trump slams Israel’s prosecutors over Netanyahu corruption trial
- “The United States of America spends Billions of Dollar a year, far more than on any other Nation, protecting and supporting Israel
WASHINGTON: President Donald Trump said Saturday the United States was “not going to stand” for the continued prosecution of Israeli Prime Minister Benjamin Netanyahu on corruption charges.
“The United States of America spends Billions of Dollar a year, far more than on any other Nation, protecting and supporting Israel. We are not going to stand for this,” Trump posted on his Truth Social platform.
An Israeli court on Friday rejected Netanyahu’s request to postpone giving testimony in his corruption trial, ruling that he had not provided adequate justification for his request.
In one case, Netanyahu and his wife Sara are accused of accepting more than $260,000 worth of luxury goods such as cigars, jewelry and champagne from billionaires in exchange for political favors.
In two other cases, Netanyahu is accused of attempting to negotiate more favorable coverage from two Israeli media outlets.
Netanyahu has denied any wrongdoing and has thanked Trump for his support in Israel’s war with Iran, which saw a ceasefire agreement earlier this week.
His lawyer had asked the court to excuse the leader from hearings over the next two weeks, saying he needs to concentrate on “security issues.”
Trump on Wednesday sprung to Netanyahu’s defense, describing the case against him as a “witch hunt.”
On Saturday, he described Netanyahu as a “War Hero” and said the case would distract the prime minister from negotiations with Iran and with Hamas, the Gaza-based Palestinian armed group that Israel is at war with.
“This travesty of ‘Justice’ will interfere with both Iran and Hamas negotiations,” said Trump, although it was unclear what negotiations he was referring to with regards to Iran.
Hamas took 251 hostages during its October 7, 2023, attack on Israel, with 49 still believed to be held in Gaza, including 27 the Israeli military says are dead.
Negotiations are ongoing for the return of the remaining hostages and the bodies of those killed, while Israel’s punishing war on Gaza continues unabated.
The US leader also likened Netanyahu’s legal troubles to his own before he took office for his second term.
“It is a POLITICAL WITCH HUNT, very similar to the Witch Hunt that I was forced to endure,” said Trump.
The Republican was convicted on 34 counts of falsifying business records in May 2024 in a case related to hush money payments to a porn star.
Trump also faced two federal cases, one related to his alleged efforts to overturn the results of the 2020 presidential election, which he lost to Democrat Joe Biden.
India rejects statement by Pakistan seeking to blame it for Waziristan attack
- Prime Minister Shehbaz Sharif condemned the attack and termed it a “cowardly act,” a statement from his office said
NEW DELHI: India’s ministry of external affairs said on Sunday it rejects a statement by the Pakistan Army seeking to blame India for Saturday’s attack in Waziristan.
A suicide bomber rammed an explosive-laden car into a Pakistani military convoy in a town near the Afghan border, killing at least 13 soldiers, the Pakistan army said on Saturday. The convoy was attacked in Mir Ali area of North Waziristan district, the army said in a statement. “In this tragic and barbaric incident, three innocent civilians including two children and a woman also got severely injured,” it said.
Fourteen militants were killed by the army in an operation launched after the attack in the region, it said.
Prime Minister Shehbaz Sharif condemned the attack and termed it a “cowardly act,” a statement from his office said.
Pakistan’s army chief Field Marshal Asim Munir said in a statement any attempt to undermine Pakistan’s internal stability would be met with swift and decisive retribution.
“It was huge, a big bang,” a local administrator told Reuters, adding that residents of the town could see a large amount of smoke billowing from the scene from a great distance.
One resident said that the explosion rattled the windowpanes of nearby houses, and caused some roofs to collapse.
No one has so far claimed responsibility.
The lawless district, which sits next to Afghanistan, has long served as a safe haven for different militant groups, who operate on both sides of the border.
Islamabad says the militants run training camps in Afghanistan to launch attacks inside Pakistan, a charge Kabul denies, saying the militancy is Pakistan’s domestic issue.
Pakistani Taliban, also known as Tehreek-e-Taliban Pakistan, an umbrella group of several Islamist militant groups, has long been waging a war against Pakistan in a bid to overthrow the government and replace it with its own Islamic system of governance.
The Pakistani military, which has launched several offensives against the militants, has mostly been their prime target.
G7 agrees to exempt US multinationals from global minimum tax
- The deal will see US companies benefit from a “side-by-side” solution under which they will only be taxed at home
OTTAWA: The Group of Seven nations said Saturday they have agreed to exempt US multinational companies from a global minimum tax imposed by other countries — a win for President Donald Trump’s government, which pushed hard for the compromise.
The deal will see US companies benefit from a “side-by-side” solution under which they will only be taxed at home, on both domestic and foreign profits, the G7 said in a statement released by Canada, which holds the group’s rotating presidency.
The agreement was reached in part due to “recently proposed changes to the US international tax system” included in Trump’s signature domestic policy bill, which is still being debated in Congress, the statement said.
The side-by-side system could “provide greater stability and certainty in the international tax system moving forward,” it added.
Nearly 140 countries struck a deal in 2021 to tax multinational companies, an agreement negotiated under the auspices of the Organization for Economic Co-operation and Development (OECD).
That agreement, deeply criticized by Trump, includes two “pillars,” the second of which sets a minimum global tax rate of 15 percent.
The OECD must ultimately decide to exempt the US companies from that tax — or not.
The G7 said it looked forward to “expeditiously reaching a solution that is acceptable and implementable to all.”
On Thursday, US Treasury Secretary Scott Bessent had signaled that a “joint understanding among G7 countries that defends American interests” was in the works.
He also asked US lawmakers to “to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill” — Trump’s policy mega-bill.
Section 899 has been dubbed a “revenge tax,” allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
The clause sparked concern that it would inhibit foreign companies from investing in the United States.
Tens of thousands rally in Serbia’s capital to back up their demand for an early vote
- The protest was held after nearly eight months of persistent demonstrations led by Serbia’s university students
- The huge crowd chanted “We want elections!” as they filled the capital’s central Slavija Square
BELGRADE: Tens of thousands of opponents of Serbia’s populist president, Aleksandar Vucic, rallied on Saturday in Belgrade, backing up a demand for an early parliamentary election and declaring the government “illegitimate.”
The protest was held after nearly eight months of persistent demonstrations led by Serbia’s university students that have rattled Vucic’s firm grip on power in the Balkan country.
The huge crowd chanted “We want elections!” as they filled the capital’s central Slavija Square and several blocks around it, with many unable to reach the venue.
Tensions were high before and during the gathering. Riot police deployed around government buildings and close to a camp of Vucic’s loyalists in central Belgrade.
“Elections are a clear way out of the social crisis caused by the deeds of the government, which is undoubtedly against the interests of their own people,” said one of the students, who didn’t give her name while giving a speech on a stage to the crowd. “Today, on June 28, 2025, we declare the current authorities illegitimate.”
At the end of the official part of the rally, students told the crowd to “take freedom into your own hands.”
University students have been a key force behind nationwide anti-corruption demonstrations that started after a renovated rail station canopy collapsed, killing 16 people on Nov. 1.
Many blamed the concrete roof crash on rampant government corruption and negligence in state infrastructure projects, leading to recurring mass protests.
“We are here today because we cannot take it any more,” Darko Kovacevic said. “This has been going on for too long. We are mired in corruption.”
Vucic and his right-wing Serbian Progressive Party have repeatedly refused the demand for an early vote and accused protesters of planning to spur violence on orders from abroad, which they didn’t specify.
Vucic’s authorities have launched a crackdown on Serbia’s striking universities and other opponents, while increasing pressure on independent media as they tried to curb the demonstrations.
While numbers have shrunk in recent weeks, the massive showing for Saturday’s anti-Vucic rally suggested that the resolve persists, despite relentless pressure and after nearly eight months of almost daily protests.
Serbian police, which is firmly controlled by Vucic’s government, said that 36,000 people were present at the start of the protest on Saturday.
Saturday marks St. Vitus Day, a religious holiday and the date when Serbs mark a 14th-century battle against Ottoman Turks in Kosovo that was the start of hundreds of years of Turkish rule, holding symbolic importance.
In their speeches, some of the speakers at the student rally on Saturday evoked the theme, which was also used to fuel Serbian nationalism in the 1990s that later led to the incitement of ethnic wars following the breakup of the former Yugoslavia.
Hours before the student-led rally, Vucic’s party bused in scores of its own supporters to Belgrade from other parts of the country, many wearing T-shirts reading: “We won’t give up Serbia.” They were joining a camp of Vucic’s loyalists in central Belgrade where they have been staying in tents since mid-March.
In a show of business as usual, Vucic handed out presidential awards in the capital to people he deemed worthy, including artists and journalists.
“People need not worry — the state will be defended and thugs brought to justice,” Vucic told reporters on Saturday.
Serbian presidential and parliamentary elections are due in 2027.
Earlier this week, police arrested several people accused of allegedly plotting to overthrow the government and banned entry into the country, without explanation, to several people from Croatia and a theater director from Montenegro.
Serbia’s railway company halted train service over an alleged bomb threat in what critics said was an apparent bid to prevent people from traveling to Belgrade for the rally.
Authorities made similar moves back in March, before what was the biggest ever anti-government protest in the Balkan country, which drew hundreds of thousands of people.
Vucic’s loyalists then set up a camp in a park outside his office, which still stands. The otherwise peaceful gathering on March 15 came to an abrupt end when part of the crowd suddenly scattered in panic, triggering allegations that authorities used a sonic weapon against peaceful protesters — an accusation officials have denied.
Vucic, a former extreme nationalist, has become increasingly authoritarian since coming to power more than a decade ago. Though he formally says he wants Serbia to join the European Union, critics say Vucic has stifled democratic freedoms as he strengthened ties with Russia and China.
